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The Badgers are a pro sports team. The teams sells three different type of tickets: Deluxe, Lower level and upper level. Information from the prior
The Badgers are a pro sports team. The teams sells three different type of tickets: Deluxe, Lower level and upper level. Information from the prior year is as follows:
BUDGET: | Contribution Margin | Number of |
| Per seat | Seats |
deluxe | $ 100 | 2,000 |
lower level | 50 | 6,000 |
upper level | 20 | 8,000 |
|
|
|
ACTUAL: | Contribution Margin | Number of |
| Per seat | Seats |
deluxe | $ 110 | 2,200 |
lower level | 50 | 6,200 |
upper level | 20 | 8,400 |
|
|
|
Total Market Size |
|
|
Budget | 40,000 |
|
Actual | 50,000 |
|
Required:
- Calculate the Sales Volume Variance for each product.
- Calculate the Sales Quantity Variance for each product.
- Calculate the Market Share Variance in terms of contribution margin.
- Calculate the Market Size Variance in terms of contribution margin.
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